• Trust designs and markets computer and gaming peripherals across Europe and Latin America, extending ACCO Brands’ Kensington, PowerA and EPOS technology peripherals portfolio
• Transaction accelerates ACCO Brands’ pivot toward higher-growth technology peripherals categories, which on a pro forma basis will generate approximately $500 million in annual sales
• Adds scale in large, growing categories sold through retail, online and B2B channels
• Trust generates approximately $100 million in annual revenue and is expected to be modestly accretive to adjusted EPS in the first 12 months
• Expect to realize cost synergies of approximately $5 to $8 million

ACCO Brands Corporation (NYSE:ACCO), a global leader in branded office and learning products and technology accessories, today announced it has entered into a definitive agreement to acquire Trust, a European provider of computer and gaming accessories, from Egeria, a pan-European investment firm.

Trust generates approximately $100 million in annual revenue and is expected to be modestly accretive to adjusted EPS in the first 12 months. ACCO Brands expects to realize cost synergies of approximately $5 to $8 million, within 18 months after closing.

The transaction will be financed through borrowings under ACCO Brands’ revolving credit facility, with limited impact to pro forma leverage. The transaction is expected to close in late third quarter or early fourth quarter, subject to customary closing conditions, including applicable competition authority approvals.

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